Category: Finance

Kathmandu: Bosses want their workers back on-site on a more permanent basis. They’re willing to pay a premium to do so. While many jobs still offer hybrid- or remote-working patterns, more bosses are mandating their employees to return to the office on a full-time basis. Boeing, UPS and JPMorgan Chase are among the large corporations… Continue reading US salaries are surging for fully in-office jobs

Kathmandu: In a recent announcement, the government declared its intention to reclaim land formerly occupied by the Bansbari Leather and Shoe Factory, deemed unlawfully held by the private sector. The Department of Land Reform and Management (DOLRM) in Dillibazar formally announced the nationalization of the land on Friday, asserting rightful ownership by the government. During… Continue reading Govt Reclaims land of Bansbari Leather and Shoe Factory

Kathmandu: In accordance with directives from Deputy Prime Minister and Home Minister Rabi Lamichhane, petrol pumps managed by Nepal Police and Armed Police Force have initiated round-the-clock service effective Wednesday, March 20. This extended operating schedule is implemented at petrol stations situated within the Nepal Police Headquarters in Naxal, the Armed Police Force Headquarters in… Continue reading Nepal Police and Armed Police Force petrol pumps now open 24/7

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has taken legal action against a section officer accused of unlawfully registering government land in an individual’s name. On Thursday, the CIAA filed a case at the Special Court against Yam Kumar Karki, a section officer at the Bagmati Nagar Land Integration Project Office… Continue reading CIAA files case against section officer for illegally transferring government land

Kathmandu: The Central Investigation Bureau (CIB) of Nepal Police has initiated an investigation into Nepali Congress lawmaker Binod Chaudhary’s alleged involvement in the Bansbari Leather and Shoe factory land grab case. CIB has formally communicated with Speaker Devraj Ghimire regarding this matter to ensure parliamentary transparency. Spokesperson for the Parliament Secretariat, Ekram Giri, confirmed CIB’s… Continue reading Nepal Police investigates Binod Chaudhary in Bansbari land grab case

Kathmanu: Dipesh Pun, son of former Vice President Nanda Bahadur Pun, finds himself in legal trouble as Nepal Police authorities apprehend him in Kathmandu on Friday, on suspicions of his involvement in gold smuggling activities. The arrest comes following investigations linking Pun to Dawa Chhiring, the purported mastermind behind the smuggling of approximately 61 kilograms… Continue reading Former Vice President’s son arrested for alleged involvement in gold smuggling

Kathmandu: Nepal Rastra Bank (NRB) has introduced a groundbreaking measure allowing Indian nationals employed in Nepal to transfer money seamlessly using QR codes. This innovative system permits deposits into personal accounts held in Indian banks and financial institutions through various electronic channels, including e-banking, interbank payments, mobile banking, and QR codes, facilitated by the ‘National… Continue reading Nepal enables QR code money transactions for Indian nationals working in the Country

Kathmandu: South Korea has announced plans to extend employment opportunities to Nepali workers in three more sectors through the Employment Permit System (EPS) starting from this year (2024). The South Korean government has decided to allow Nepali laborers to work in the forestry, service, and route industry sectors. According to the Department of Foreign Employment,… Continue reading South Korea expands employment opportunities for Nepali workers in three additional sectors

Kathmandu: In a commendable initiative under the Grant Assistance for Grassroots Human Security Projects (GGP), the Japanese government has provided a total of 12 recycled fire engines to five provinces in Nepal, namely Koshi, Lumbini, Madhesh, Bagmati, and Gandaki. The signing ceremony for the GGP contracts took place at the Embassy of Japan in Kathmandu,… Continue reading Japan grants 12 recycled fire engines to provinces under human security project

Kathmandu: Newly-appointed Finance Minister Barshaman Pun has extended a warm invitation to American investors, urging their participation in the upcoming Investment Summit scheduled to take place in Kathmandu in April. During a meeting with Dean Thompson, the US Ambassador to Nepal, at the ministry on Sunday, Minister Pun emphasized the favorable environment for foreign investment… Continue reading Finance Minister Barshaman Pun invites american investors to Kathmandu Investment Summit in April